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On-line shoe retailer

Reference
S11087
Turnover
£1m to £2m
Sector(s)
Retail & wholesale
Region(s)
North West England
Added
16 November 2023

Business description

This North West-based online shoe retailer has developed an impressive presence on digital platforms and enjoyed a rapid rise to become a leading player in its field. A mature supply chain, superb online ratings and a team built for continuity make this an attractive acquisition for a new buyer looking to build the business and reach into new markets.

Founded in 2013, this North West-based online shoe retailer has enjoyed great success –and profits continue to grow. The business’s achievements are down to getting the fundamentals right in online retail: a solid, diverse supply chain; keeping customers happy with excellent service and fast dispatch; and ensuring a solid presence across many platforms.

The results have been superb ratings online, increasing sales, and a business looking towards several promising opportunities for growth in the months and years ahead.

Highlights

  • 20+ suppliers from across the world
  • Customer-friendly approach – new lines weekly, attentive customer service, fast dispatch
  • Superb online presence and reviews
  • Impressive growth – turnover doubled in four years
  • Strong team able to run day-to-day operations independently of shareholders

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2020 (Actual) 1,420,350 103,975
2021 (Actual) 1,890,320 135,322
2022 (Actual) 1,402,280 214,834

Opportunities

  • With the business infrastructure and contacts in place, there are many opportunities to introduce new products to the range
  • Growing sales in Europe – inroads so far suggest great potential 
  • Hiring a dedicated marketing professional and undertaking further targeted campaigns is likely to increase reach and sales

Prospective purchasers

  • 100% share sale
  • Business premises will be offered as part of the sale
  • Prospective purchasers will be required to sign an NDA

Reason for sale

Shareholders are moving to a new project in another industry

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